Oct 11, 2012 9:00am EDT
a drive-by shooting for people here. steve leisman today exclusive with ceo of goldman sachs, lloyd blankfe blankfein, as well as simpson and bowles and they're not a singing team. they are the duo behind of course what might have been a very sane fiscal plan for the country and they have a lot to say about that. as for braunstein, he was not directly involved in any way in the london whale trading. that did not report in to him. but you can imagine as cfo it is not the easiest of times to have been through, that the job is a very, very difficult one. he had been the preeminent banker for many years at jpmorgan and actually had been very happy in the cfo role. whether or not he's leaving in the next couple of quarters or not, if that is the case -- of course you do need to communicate that to your boss and figure out what you may want to do in the future so we'll see but i think that's become an extraordinary difficult job at any big bank, certainly one that's been under the scrutiny of jpmorgan. >> it feels like a purge. it feels like a purge. anyone who was involved with the whale
Oct 11, 2012 8:00pm EDT
harwood? >> guys, i would just like to ask both paula and doug about what we heard from steve liesman today. their message was, especially from blankfein, if we get entitlement cuts yes, business should go along with tax increases as a solution to our debt deficit problem. paula, do you think that's the right answer from business and doug, is that the right answer for republicans? >> i heard those statements earlier today and i think it is a great representation of the kind of creativity we really are going to have to bring to these challenging economic times and i think the biggest theme from the debt reduction effort so far is, everything should be on the table and i think that's what the president has said and i think that's what you will hear tonight from joe biden. >> john, it's a great question. i think there are three components. you know we do have to have a strong foundation of growth. i think it's just a statement of the facts that we won't make progress on budget deficits unless the economy is growing. and the second thing we need to do is really just stop the bleeding. we'